Here it's the Minsky Moment. Bankers, brokers and columnists started using 'Minsky Moment' a lot as they tried to explain market turmoil. The Economist magazine even argues that Minsky Moment has become synonymous with financial crisis. People are asking whether China may be close to a Minsky Moment after the spiralling increase in debt, particularly in the property sector. In 2019, the former governor of the Bank of China Zhou Xiaochuan warned that the mountain of debt threatened a Minsky Moment.

Source: Daily Mail September 02, 2023 14:50 UTC